These Regulations amend the Companies (Forms Amendment No. 2 and Company’s Type and Principal Business Activities) Regulations (Northern Ireland) 1991 (“the 1991 Regulations”). The 1991 Regulations prescribe the system of classifying business activities for the purposes of Article 372(1)(b) of the Companies (Northern Ireland) Order 1986 (as substituted by the Companies (No. 2) (Northern Ireland Order 1990) which requires a company to give its principal business activities in its annual return. These Regulations amend the 1991 Regulations by prescribing (regulation 2) for this purpose the Standard Industrial Classification of Economic Activities, copies of which are available from the Stationery Office. The amendment made by regulation 2 is subject to a transitional provision in regulation 3. This allows the continued use of the VAT Trade Classification system in an annual return delivered to the Registrar of Companies on or before 24th February 2003.
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